Analysts at TD Securities are expecting that the Bank of Korea will likely keep its 7-day repo rate unchanged at 1.75% tomorrow.
Key Quotes
“Inflation pressures have eased considerably helped by lower energy prices and government administered prices. The growth outlook remains under pressure, especially on the exports front.”
“The BoK appears to be content to let the government do the heavy lifting, with an extra budget planned and the minutes of the last BoK meeting suggesting some hesitation towards further monetary policy adjustments.”
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